The Interpublic Group of Companies, Inc. (NYSE:IPG) Holdings Lifted by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. boosted its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 11.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,115 shares of the business services provider’s stock after purchasing an additional 1,836 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Interpublic Group of Companies were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Interpublic Group of Companies by 240.9% in the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock worth $913,000 after buying an additional 20,395 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Interpublic Group of Companies by 2,679.9% in the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after buying an additional 29,425 shares in the last quarter. ING Groep NV acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at $1,589,000. Finally, Bridgewater Associates LP boosted its stake in shares of Interpublic Group of Companies by 956.5% during the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock worth $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 0.1 %

Interpublic Group of Companies stock opened at $28.68 on Friday. The firm’s 50 day moving average price is $28.82 and its two-hundred day moving average price is $30.03. The firm has a market cap of $10.69 billion, a PE ratio of 13.53 and a beta of 1.11. The Interpublic Group of Companies, Inc. has a twelve month low of $26.30 and a twelve month high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Wall Street Analyst Weigh In

IPG has been the subject of several analyst reports. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a report on Tuesday. They issued a “hold” rating for the company. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a report on Friday, January 24th. JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. Finally, BNP Paribas raised shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.